Prashant Bhushan to represent buyers of NPX project in Noida in Supreme Court

NOIDA: The buyers of NPX Towers in Sector 153, whose lease deed was cancelled by Noida Authority, on Sunday engaged senior lawyer Prashant Bhushan to take up their case to the Supreme Court as the National Consumer Disputes Redressal Commission had refused to admit it.

Close to 100 buyers of NPX Towers organised an 'open forum' with Bhushan in the morning.

NPX Towers, a project in Sector 153, was allotted land by the Noida Authority in August 2008 via the IT institutional allotment. The parent company of NPX, Hi-Leads Infratech, was apparently yet to be registered as a company on that date. But during the process of procurement of land, the builder company stated that the company got registered within a week from the date of application.

Meanwhile, the project was completed, registry of the project done and the building was offered completion certificate in August 2014. Soon after, on February 23, 2015, the lease deed of the project at C-01, Sector 153, was cancelled by Noida Authority with retrospective effect, on the ground that on the date of application of the project, the company was not registered.

NPX builders, on the other hand, soon procured a stay on the cancellation by Noida Authority from the Allahabad high court. The next date of hearing in the high court is on September 12.

"I will take the case up to the Supreme Court. In general, the buyers' concerns will be addressed only once the real estate regulatory authority is created here," Bhushan told TOI. "The builder is now forcing buyers to take possession for fit-outs and demand holding charges at Rs10 per sq ft. They also want maintenance fee of Rs10 per sq ft. The builder is also stating that if possession is not taken, he would cancel the allotment," Surendra Khariya, president, NPX buyers' group, said.

CMD of NPX, Arun Ghai said, "We request the buyers to take possession of their units. The matter is being stayed by the high court and we want that the buyers to procure their apartments as soon as possible. This will secure their rights towards their property."